Options for Automating Rent Collection from Cash Paying Tenants

[Dan Bosak]

I have my tenants with bank accounts paying almost exclusively online and it makes rent collection and tracking so much easier.  I am looking for a similar option for tenants who don't have bank accounts and are paying in cash or money orders. I looked into PayNearMe, which is exactly what I need, but was informed that they are not supporting that product anymore and the only pay locations in my area are a few 7-Elevens, none of which are close to my tenants (Family Dollar no longer part of their network).  

I have 1 tenant who makes a deposit direct to my bank but there is no easy way for me to track where that money came from and with multiple tenants with same or similar rent, that option will be problematic at best.

Does anyone have another option other than PayNearMe for tenants to pay in cash?

[Dan Bosak]

In some of the lower-end, blue-collar towns where I have properties, there are a lot of tenants who simply do not use or trust bank accounts.  I now have 5 tenants who only have option of paying via cash or money order.